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COTE

Societatea Conpet BVB:COTE Stock Report

Last Price

RON68.80

Market Cap

RON595.6m

7D

-0.9%

1Y

-19.4%

Updated

26 Jun, 2022

Data

Company Financials +
COTE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends3/6

COTE Stock Overview

Societatea Conpet S.A. transports crude oil, rich gas, ethane, and condensate through pipelines and railway tanks to the refineries in Romania.

Societatea Conpet Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Societatea Conpet
Historical stock prices
Current Share PriceRON68.80
52 Week HighRON85.80
52 Week LowRON63.00
Beta0.56
1 Month Change-3.10%
3 Month Change-10.65%
1 Year Change-19.44%
3 Year Change-13.78%
5 Year Change-27.73%
Change since IPO175.20%

Recent News & Updates

Mar 08
Is Societatea Conpet S.A. (BVB:COTE) Trading At A 31% Discount?

Is Societatea Conpet S.A. (BVB:COTE) Trading At A 31% Discount?

Today we will run through one way of estimating the intrinsic value of Societatea Conpet S.A. ( BVB:COTE ) by...

Shareholder Returns

COTERO Oil and GasRO Market
7D-0.9%2.0%2.0%
1Y-19.4%24.9%8.2%

Return vs Industry: COTE underperformed the RO Oil and Gas industry which returned 24.9% over the past year.

Return vs Market: COTE underperformed the RO Market which returned 8.2% over the past year.

Price Volatility

Is COTE's price volatile compared to industry and market?
COTE volatility
COTE Average Weekly Movement3.2%
Oil and Gas Industry Average Movement3.5%
Market Average Movement4.0%
10% most volatile stocks in RO Market7.6%
10% least volatile stocks in RO Market2.9%

Stable Share Price: COTE is less volatile than 75% of RO stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: COTE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19011,500Dorin Tudorahttps://www.conpet.ro

Societatea Conpet S.A. transports crude oil, rich gas, ethane, and condensate through pipelines and railway tanks to the refineries in Romania. It operates a network of approximately 3,800 kilometers of pipeline. Societatea Conpet S.A. was founded in 1901 and is headquartered in Ploiesti, Romania.

Societatea Conpet Fundamentals Summary

How do Societatea Conpet's earnings and revenue compare to its market cap?
COTE fundamental statistics
Market CapRON595.64m
Earnings (TTM)RON61.18m
Revenue (TTM)RON440.80m

9.7x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
COTE income statement (TTM)
RevenueRON440.80m
Cost of RevenueRON28.98m
Gross ProfitRON411.82m
Other ExpensesRON350.64m
EarningsRON61.18m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 12, 2022

Earnings per share (EPS)7.07
Gross Margin93.42%
Net Profit Margin13.88%
Debt/Equity Ratio0%

How did COTE perform over the long term?

See historical performance and comparison

Dividends

10.6%

Current Dividend Yield

103%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is COTE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for COTE?

Other financial metrics that can be useful for relative valuation.

COTE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA3.1x
PEG Ratio-12.9x

Price to Earnings Ratio vs Peers

How does COTE's PE Ratio compare to its peers?

COTE PE Ratio vs Peers
The above table shows the PE ratio for COTE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.9x

Price-To-Earnings vs Peers: COTE is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (32.9x).


Price to Earnings Ratio vs Industry

How does COTE's PE Ratio compare vs other companies in the Oil and Gas Industry?

Price-To-Earnings vs Industry: COTE is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the RO Oil and Gas industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is COTE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

COTE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ratio9.9x

Price-To-Earnings vs Fair Ratio: COTE is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.9x).


Share Price vs Fair Value

What is the Fair Price of COTE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: COTE (RON68.8) is trading below our estimate of fair value (RON93.85)

Significantly Below Fair Value: COTE is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: COTE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Societatea Conpet forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COTE's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: COTE's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: COTE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: COTE's revenue (5.4% per year) is forecast to grow faster than the RO market (4.5% per year).

High Growth Revenue: COTE's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COTE's Return on Equity is forecast to be low in 3 years time (8%).


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Past Performance

How has Societatea Conpet performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: COTE has high quality earnings.

Growing Profit Margin: COTE's current net profit margins (13.9%) are higher than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: COTE's earnings have declined by 5.5% per year over the past 5 years.

Accelerating Growth: COTE's earnings growth over the past year (13.1%) exceeds its 5-year average (-5.5% per year).

Earnings vs Industry: COTE earnings growth over the past year (13.1%) underperformed the Oil and Gas industry 113.3%.


Return on Equity

High ROE: COTE's Return on Equity (8.9%) is considered low.


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Financial Health

How is Societatea Conpet's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: COTE's short term assets (RON277.2M) exceed its short term liabilities (RON87.2M).

Long Term Liabilities: COTE's short term assets (RON277.2M) exceed its long term liabilities (RON20.3M).


Debt to Equity History and Analysis

Debt Level: COTE is debt free.

Reducing Debt: COTE has not had any debt for past 5 years.

Debt Coverage: COTE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: COTE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Societatea Conpet current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


10.59%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: COTE's dividend (10.59%) is higher than the bottom 25% of dividend payers in the RO market (2.86%).

High Dividend: COTE's dividend (10.59%) is in the top 25% of dividend payers in the RO market (7.06%)


Stability and Growth of Payments

Stable Dividend: COTE's dividend payments have been volatile in the past 10 years.

Growing Dividend: COTE's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (103.1%), COTE's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (322.1%), COTE's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Dorin Tudora (47 yo)

1.33yrs

Tenure

Engineer Dorin Tudora serves as Director General at Societatea Conpet S.A. since February 05, 2021. He served as Deputy Director General of Societatea Conpet S.A. since January 2021 until February 2021 and...


Leadership Team

Experienced Management: COTE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: COTE's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Societatea Conpet S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Societatea Conpet S.A.
  • Ticker: COTE
  • Exchange: BVB
  • Founded: 1901
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: RON595.638m
  • Shares outstanding: 8.66m
  • Website: https://www.conpet.ro

Number of Employees


Location

  • Societatea Conpet S.A.
  • no. 1-3, Anul 1848 Street
  • Ploiesti
  • 100559
  • Romania

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.